Guggenheim Defined Portfolios, Series 846 registers units

By Toni Weeks

San Diego, Nov. 4 - Guggenheim Defined Portfolios, Series 846 has registered units of its Series 16 Income and Treasury Limited Duration Portfolio of Funds (15-month), according to an S-6 filing with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The trust seeks to provide current income and the potential for capital appreciation. Under normal circumstances, it will invest at least 80% of its assets in common shares of closed-end companies that invest in various income-oriented securities of different asset classes and shares of an exchange-traded fund that invests most of its assets in short-term U.S. Treasury bonds. The asset classes may include, among others, government bonds, mortgage-backed bonds, convertible bonds, preferred securities, corporate bonds, senior loans, high-yield securities and international bonds.

The units will have a public offering price of $10.00 each and will carry a maximum sales fee of 2.95%, which comprises an initial sales fee of 1%, a deferred sales fee of 1.45% and a creation and development fee of 0.5%. Sales charge reductions of up to 1.5% of the public offering price are available based on the amount of the investment.

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